Obama: TARP Firms Paying Huge Bonuses ‘Does Offend Our Values’
October 23, 2009
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One Response to “Obama: TARP Firms Paying Huge Bonuses ‘Does Offend Our Values’”
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Please do note that nearly all of the risky behaviors that led up to the economic collapse were permitted because the Reagan Administration deregulated the banking industry to the point that it was the fiscal equivalent of the Wild West.
The purpose of government is to keep things sufficiently under control that we don’t all kill each other, and in the USA, a few other things:
“We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.”
“Promoting the general welfare” could arguably be called a mandate for health care reform right now.